Eastern Platinum (TSE:ELR) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Eastern Platinum Limited (TSE:ELR) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.43 and traded as high as C$0.46. Eastern Platinum shares last traded at C$0.46, with a volume of 89,180 shares.

Eastern Platinum Trading Up 1.1%

The company has a current ratio of 0.47, a quick ratio of 0.48 and a debt-to-equity ratio of 15.61. The company has a fifty day moving average price of C$0.49 and a two-hundred day moving average price of C$0.43. The firm has a market capitalization of C$93.61 million, a price-to-earnings ratio of -5.11 and a beta of 2.89.

Eastern Platinum (TSE:ELR) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($0.05) EPS for the quarter. The company had revenue of C$29.83 million for the quarter. Eastern Platinum had a negative return on equity of 27.28% and a negative net margin of 29.83%. As a group, research analysts forecast that Eastern Platinum Limited will post -0.11 earnings per share for the current fiscal year.

About Eastern Platinum

Eastern Platinum Ltd. is engaged in mining, exploration, and development of platinum group metal (PGM) and chrome properties located in various provinces in South Africa. The firm’s projects include Crocodile River Mine and Mareesburg.